๐จ $BTC just got rejected near $82K โ and the reason matters.
The U.S. added 162K jobs in August, nearly 3ร the 56K forecast.
That pushed rate-hike expectations higher and BTC slipped back below $80K.
Now the chart has two levels Iโm watching closely:
$83K โ breakout confirmation
$76Kโ$78K โ key downside zone
But the bigger catalyst is still ahead: U.S. CPI on September 11.
A softer CPI could bring rate-cut hopes back. A hotter number could keep pressure on risk assets.
Would you buy the dip here, or wait for BTC to reclaim $83K?
#BTC #bitcoin #Crypto
The U.S. added 162K jobs in August, nearly 3ร the 56K forecast.
That pushed rate-hike expectations higher and BTC slipped back below $80K.
Now the chart has two levels Iโm watching closely:
$83K โ breakout confirmation
$76Kโ$78K โ key downside zone
But the bigger catalyst is still ahead: U.S. CPI on September 11.
A softer CPI could bring rate-cut hopes back. A hotter number could keep pressure on risk assets.
Would you buy the dip here, or wait for BTC to reclaim $83K?
#BTC #bitcoin #Crypto
